The following information is contained within the Minister's media release:
A carefully managed Migration Program is an important part of Australia’s economic recovery and will create jobs and bring high value investment to help Australia rebound from COVID-19. In 2020-21 the planned ceiling for the Migration Program will remain at 160,000 places.
The program will have a strong focus on attracting the best and brightest migrants from around the world, with a tripling of the Global Talent Independent program allocation to 15,000 places and an increase in the Business Innovation and Investment Program (BIIP) to 13,500 places. The BIIP will also be streamlined and reformed to ensure that investments are targeted at Australian venture capitals and emerging small and medium size businesses to support the economic recovery.
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